Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1887-10-07
TIE ALTURAS GOLD, (LIMITED),
Its Monthly Returns Surpass All Prog.
nOsticatiOns.

n0sticatiOns.
London (Ene.) Mining World. Sep. Ill
In our correspondence column of
this week will be found u valuable
aud ably written descriptive letter
from q shareholder on the property of
the Alturas Gold, Limited. The writer
has recently returned from the States,
where he has been on a visit to several
properties in which he is interested rs
. shareholder, and amongst them the
Alturas Gold Company's property I.
We have never yet read Of al adverse
criticism being passed upon the value
OF this compsny's property, but, on
the contrary, have always heard it
spoken Of III the most praise worthy
manner as one of remarkable value; ;
but what is of still greater importance
t. shareholders than these repeated
eulogies is the fact that the monthly
returns of bullion have been steadily
increasing until they have at length
surpassed the representations of the
most sanguine. We are also more
than pleased to find that the disquiet-
ing rumors, but recently current, re.
ceived from the directors an immediate
straightforward contradiction. This
has confirmed tho confidence inspired
by the bona 6de character OF the
whole concern. 1t Is u matter Of sur
prise tina, with the monthly production
OF over 2OOO ounces of bar gold, the
shares of this company should stand
at the discount At which they can now
be purchased. There gre other min
ing properties on the market to-day,
hose operations have extended over
periods varying from three to FIVE
times longer than those Of the Alturas
Company, whose output is barely half
the amount of gold per month, and
whose dividends have been four times
less than those received by the Alturas
shareholders, but whose shares are
sought after at price showing q pre-
MUM Of hundreds per cent. on the
present price of Alturas. 1t is fact,
common 10 the knowledge of brokers.
that the investing public are al Ways
anxious buyers Of nigh. priced shares,
which are high priced in most in,
stances, not by reason OF substantial
profits being actually realized, but in
anticipation of the same. 1t is also
an equally well-known fact, that more
money has been made out of the pur.
chase Of low priced securities than
out of high ones. Looking over the
mining market to-day, we can safely
say, without disparagement to any
property, that there is no mine whose
shares seem to offer a better or more
solid inducement to purchase than
those Of the Alturas Company. To
those who purchased at par there is
an excellent opportunity to buy in
order to average. To investors who
look for good and substantial return
upon their capital, these shares at
their present price, with the present
PIOuuCtioh HUN VIC iiIut, sHOW h
dividend, calculated on the basis of
the last one declared and paid. of
from "a per cent. TO 80 per cent,
whilst with The last weeks returns of
$50 ounces of gold, and an estimate
of 1900 ounces for the current mouth,
they are temptation Us a specu!a
ton. The letter referred to in cur
correspondence columns of to-day
should be q source Of encouragement
to shareholders; for to know that, on
the independent testimony of one of
their number, the value of the
mine is now being actually tested nv
results in ounces of bar gold, thew
have so substantial, valuable. and
well developed a mine, capable of
continuing its present output, with
such immense reserves of ore, and
such fine complement of good ma
chinery, is not only to know that their
money has not been squandered, but
judiciouslv invested.